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Developed-world stockslook bright, UBS believes

By

Tom FairlessThe Wall Street Journal Europe

Updated Dec. 14, 2007 12:01 a.m. ET

Large-cap developed-market equities are set to be the star performers next year despite a global economic slowdown, as continuing credit-market difficulties raise the risks associated with other sectors, according to a new study by UBS Wealth Management.

UBS expects large-cap stocks to get a lift in late 2008 as concerns over U.S. growth recede. The spillover from a depressed housing market will slow growth early in the year, but...